NATIONAL FINANCE

Sun (Auckland), Volume II, Issue 500, 1 November 1928, Page 1

NATIONAL FINANCE

■ITER TRADE F BALANCE” THIS YEAR [sir J. GUNSON’S review [[•Finance is at the back of poliIN, and if you understand the ■■nee of the Government, you Ejiffetand, to a large extent, the Ministration of the Government,” Ed Sir James Gunson in the puve of an address at Birkdale Ell evening. Mb was given an enthusiastic repon by nearly 200 electors in the Kc hall, Mr. A. Campbell presid- | At the close a vote of confidp in the candidate and the Reform for was carried. jbntinuing. Sir James said that a Ht deal of criticism had been Sled at the Coates administration, I he honestly believed that a great i of it was a grave injustice. It F been stated that New Zealand R staggering under a burden of debt, t this was not the case. >f the total national debt of 61,000,000 the sum of £107,000,000 ■ domiciled in New Zealand, and I was a very strong position, beBe money was available for reinjtment, thus creating stability. Of [balance of the debt £140,000,000 I domiciled in London and IMO.OOC in Australia. ■ predicted that New Zealand Hd have a favourable trade balpthis year of from £12,000,000 to MOO,OOO. The value of exports ud create a record and would be the neighbourhood of £ 65,000,000, Ifainst £55,000,000 last year. He Red imports would be under 1000,000. fir James dealt briefly with taxation, boms dutieso State advances, jj>n, agriculture and public works.